Compliance Officer - Durban North at Communicate Recruitment

Qualifications:

• 5-7 years’ experience in a FAIS and AML/CFT role in a banking sector
• Legal/finance qualification a degree required.  

Skills:

• In -depth knowledge of the FIC Act including all subordinate legislation and FAIS Act including all subordinate legislation is essential

Job description:

• Updating and managing SWIFT KYC Registry
• Regularly review the Compliance Monitor’s functioning, quality of commentary and timeliness of clearing
• Prepare and submit monthly and quarterly reports to management on STR/SARS filled, high  risk accounts, frozen accounts and the compliance monitors
• Reviewing and closing of transaction monitors
• Reviewing and closing of transaction monitors
• Review and approve Re-KYC of high risk accounts and the EDD review memos
• Review and recommend for approval the opening of all high risk accounts and reporting thereof
• Conduct investigations and file STRs/SARS to FIC on the gloaml platform
• Assist in managing all projects relating to the reporting to the FIC
• Assist in filling of cash threshold reports to the FIC on the goaml platform.
• Conduct compliance monitoring and testing, including providing recommendations and actions plans
• Conduct compliance training as per the compliance training plan,when required
• Guide and advise branches on AML/CFT and FAIS requirements